By Moz Farooque
Publication Date: 2026-09-30 02:33:00
Michael Burry just took another dig at Nvidia (NVDA), questioning the confidence in the AI chip giant amid a series of media appearances from CEO Jensen Huang.
In a Substack exchange late Monday, Sept. 28, the bearish investor compared Huang’s growing media presence with that of Palantir (PLTR) CEO Alex Karp. On top of that, he weighed in on criticism of buying back shares at elevated valuations.
In recent weeks, Palantir CEO Karp has criticized frontier AI companies, arguing that businesses risk paying for expensive AI services while handing over proprietary data and expertise that make those systems valuable.
“They are paying for tokens that create no value,” Karp said in a recent CNBC interview, arguing that customers increasingly want control over “their compute, their models, their data stack and their alpha.”
The timing of those scathing remarks carries extra weight.
Nvidia just approved another $150 billion in share buybacks, a major show of confidence as investors debate how the AI spending boom can last.
Nevertheless, Burry holds Nvidia put options, giving him a financial stake in a decline. His latest comments offer another glimpse into why he remains unconvinced by the AI rally.
Michael Burry questions Nvidia’s $150 billion move
Burry’s latest criticism of Nvidia puts Jensen Huang’s public appearances and the company’s cash decisions under scrutiny.
About Huang’s media…